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that's how many days are left until the fiscal cliff deadline. but lawmakers are squaring off with each side accused of giving each side a deal. here's house majority leader eric cantor. >> what we will do is take this as a serious matter. we are interested in trying to solve the problem for the american people so that we don't see taxes go up on anybody so that we can engage in tax reform and get this economy going, again. >> democratic senator max baucus says congressional leaders and the president need to get to work on negotiations right now before the u.s. enters unchartered waters. >> i think if there's no agreement, whatsoever, if the other side is completely that the president has probably no choice but to say, okay, we're going to go with a cliff. that would not be my first preference. >> should that happen, should we go over that so-called fiscal cliff republican congressman lee terry thinks there could be an alterier motive on the part of the president. >> many of us fear that the president's real plan here was to let us go over the cl
that's how many days are left until the fiscal cliff deadline. but lawmakers are squaring off with each side accused of giving each side a deal. here's house majority leader eric cantor. >> what we will do is take this as a serious matter. we are interested in trying to solve the problem for the american people so that we don't see taxes go up on anybody so that we can engage in tax reform and get this economy going, again. >> democratic senator max baucus says congressional leaders...
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cliff resolved, but yet we aren't seeing anything from the white house. we see some disingenuous moves like the one that was done today. last week it was, oh, you guys go first. we're not going to put anything on the table until you vote for a tax increase. so many of us feared that the president's real plan here was to let us go over the cliff and blame the republicans, and that's what we look like we're being set up to do. and then if you go over the cliff, then two months later, a month later, the president can come back with a bill and say, hey, we're going to now, since the republicans let everyone's taxes go up, i'm going to ride in here now, be the knight in shining armor and lower the taxes on the lower two brackets and, of course, the republicans who one of our main values is lower taxes, would support something like that. >> congressman terry, that doesn't make any sense to me because while that sounds like logic, there's that other side of the fiscal cliff, all those horrible cuts that could plunge us into a depression and all the rest that no
cliff resolved, but yet we aren't seeing anything from the white house. we see some disingenuous moves like the one that was done today. last week it was, oh, you guys go first. we're not going to put anything on the table until you vote for a tax increase. so many of us feared that the president's real plan here was to let us go over the cliff and blame the republicans, and that's what we look like we're being set up to do. and then if you go over the cliff, then two months later, a month...
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Dec 2, 2012
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. >> pushing to avert the fiscal cliff. house republicans hours before the president's trip, pushed back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being the top 2% or the wealthy people in america, ignores the way most small businesses work in america. >> this political fight's over policy, but if you weren't paying attention, you would wear that the presidential election was still going on. while the fiscal cliff battle plays out, campaign politics marches on. >> i want to help create a better united states. we're months removed from the 2012 election, but governor rounds is looking forward to 2017. while 2014's a long way away, 2013 is just beyond the horizon, that's when chris christie -- >> i don't want to leave now. we have a job to do. that job won't be finished by next year. >> it may be the holiday season, but it seems there is no holiday from campaign politics. >> thanks, paul. >>> well, the priority for congress and the white house tomorrow, making head way on the fisc
. >> pushing to avert the fiscal cliff. house republicans hours before the president's trip, pushed back against mr. obama's plans in their own campaign style video. >> this notion of $250,000 being the top 2% or the wealthy people in america, ignores the way most small businesses work in america. >> this political fight's over policy, but if you weren't paying attention, you would wear that the presidential election was still going on. while the fiscal cliff battle plays out,...
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goes over the so called fiscal cliff. and on both sides of the aisle, lawmakers are playing the blame game. but the president has drawn a red line. no tax increases on the wealthy means no deal from the white house. i spoke with trish regan and asked her if the president will balk at the republicans' position. >> he won the election, and as larry summers told me just this week, he won the election based on this, that there should be higher taxes on the wealthy. so he's really dug in his heels and he has, as he would say, the public support behind him. he's taken this message on the campaign trail. he's continuing to speak all around america right now about this very issue. and so unless the republicans are willing to allow tax rates to go up on the wealthy, it could be very difficult to get a deal done. >> it is certainly a campaign style push going out there with his pen in hand ready to go, telling people he's ready to sign it. what do these tax increases mean for families? there's been some confusion about which parts
goes over the so called fiscal cliff. and on both sides of the aisle, lawmakers are playing the blame game. but the president has drawn a red line. no tax increases on the wealthy means no deal from the white house. i spoke with trish regan and asked her if the president will balk at the republicans' position. >> he won the election, and as larry summers told me just this week, he won the election based on this, that there should be higher taxes on the wealthy. so he's really dug in his...
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Dec 2, 2012
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cliff. >>> and a highway tunnel comes crashing down while cars are inside, igniting a fire. several people may still be trapped. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. but when i was in an accident...
cliff. >>> and a highway tunnel comes crashing down while cars are inside, igniting a fire. several people may still be trapped. [ gordon ] for some this line is a convenience. how you doing today? i'm good thanks. how are you? i'm good. [ gordon ] but for others, it's all they can afford. every day nearly nine million older americans don't have enough to eat. anything else? no, not today. join me, aarp, and aarp foundation in the drive to end hunger by visiting drivetoendhunger.org....
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Dec 5, 2012
12/12
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. >>> on capitol hill today republicans and democrats squared off over the looming fiscal cliff. house minority leader nancy pelosi slammed the gop's proposals. >> that's not negotiating. that's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected t
. >>> on capitol hill today republicans and democrats squared off over the looming fiscal cliff. house minority leader nancy pelosi slammed the gop's proposals. >> that's not negotiating. that's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should...
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and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt coupled with spending cuts but the republican controlled house says the president has not responded to their latest proposal. >> i think we made a good-faith offer to avert the fiscal crisis and that offer included significant spending cuts and reforms and it included additional revenue and frankly it was the balanced approach mr. president has been asking for. erick kanter announced today there will be no adjournment into a credible solution to the fiscal cliff is found. >> house lawmakers proposed a bill today they claim will bring the costs under control and provide a safe retirement, it creates two
and house speaker john maynard discuss and the fiscal cliff and president barack obama suppresses his case today for a tax hike to help reduce the deficit. we are not insisting on rates just out of spite or any kind of partisan victory but rather because we need to raise a certain amount of revenue. >> and he made that pitch to several wealthy ceos he wants to raise taxes on the top 2 percent of income earners and he believes this will help raise the government's 16 trillion dollar debt...
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Dec 4, 2012
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in our cover story, house republicans' counter-offer in fiscal cliff negotiations with president obama takes away a white house argument that the republicans have no plan and puts medicare on the table for discussion. the republican counter-offer would raise $800 billion through tax reform and cut $600 billion from federal health programs, including raising medicare eligibility, another $600 billion cut from mandatory and discretionary spending, and factor inflation less in calculating social security benefits. "what we're putting forth is a credible plan that deserves serious consideration by the white house." in a three-page letter to the president calling democratic gains in the senate and mr. obama's victory a "status quo election," the republican proposal would raise half the amount as the president's plan and save $350 billion from medicare and medicaid. however, at the chicago fed, a gathering of 39 individuals from banking and manufacturing industries - including automakers and other sectors - say the economy is strong enough - barely - to withstand either party's direction. "t
in our cover story, house republicans' counter-offer in fiscal cliff negotiations with president obama takes away a white house argument that the republicans have no plan and puts medicare on the table for discussion. the republican counter-offer would raise $800 billion through tax reform and cut $600 billion from federal health programs, including raising medicare eligibility, another $600 billion cut from mandatory and discretionary spending, and factor inflation less in calculating social...
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Dec 3, 2012
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. >> reporter: with the clock ticking in washington in the fiscal cliff looming closer by the day. the treasure secretary says the white house will only agree to a plan that including higher tax rates. >> if they are going to force higher rates on virtually all- americans, because they are want thing tax rates to go up on 2% that is a choice they will have to make. >> calling for an additional $1.6 trillion in tax revenue. cuts to medicare and $50 billion in stimulus spend approximating. he insists the bush tax cuts must expire for the healthyy individuals. >> it is carefully designed mix of savings and tax reforms to put us back on a path to stabilizing our debt and living within our means. >> the republicans did not welcome the proposal. >> i was disappointed by the proposal. i think it say rerun of the budget proposal. the revenue is 1.6 trillion in revenue and tax increases. >> and expressing frustration -- and they are expressing frustration. >> i would say we are nowhere, period, nowhere. >> reporter: they disagree pointing out the administration did offer $600 billion in cut
. >> reporter: with the clock ticking in washington in the fiscal cliff looming closer by the day. the treasure secretary says the white house will only agree to a plan that including higher tax rates. >> if they are going to force higher rates on virtually all- americans, because they are want thing tax rates to go up on 2% that is a choice they will have to make. >> calling for an additional $1.6 trillion in tax revenue. cuts to medicare and $50 billion in stimulus spend...
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Dec 2, 2012
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you're a republican, he's democrat. 30 days and counting until we go over the fiscal cliff unless congress in the white house cuts a deal to avoid tax cuts. it sounds like two groups of people are looking at two different sets of numbers. take a look. >> we prefer to do upfront alongside a deal that includes raising rates on americans. we are prepared to do a meaningful amount of spending on the saving side, not just to avoid the damage of the sequester but to help reduce our long-term deficit. >> i was disappointed by the president's proposal. i think it is essentially a rerun of his budget proposal. the revenue proposals are $1.6 trillion in revenue and tax increases. it's a massive tax increase. but also not significant and meaningful in entitlement reforms. >> so, anna, i hear comments like those and remarks by john boehner and the president of the united states and i wonder after the election, did we learn anything? because i -- my reading on the election was that the people, the voters wanted compromise. and for the people in washington to talk to each other not at each other. that s
you're a republican, he's democrat. 30 days and counting until we go over the fiscal cliff unless congress in the white house cuts a deal to avoid tax cuts. it sounds like two groups of people are looking at two different sets of numbers. take a look. >> we prefer to do upfront alongside a deal that includes raising rates on americans. we are prepared to do a meaningful amount of spending on the saving side, not just to avoid the damage of the sequester but to help reduce our long-term...
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Dec 4, 2012
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here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are specific with the ways we have dealt with it. >> they don't like what republicans want to do to social security and more on that during my next update. reporting live, allison burns, ktvu channel 2 morning news. >>> 5:14 in florida, they have released a photo of george zimmerman, showing george zimmerman with a swollen nose and blood did i face. they responded and said it adds nothing new to the case. the volunteer watch man is charged with second-degree murder and his trial is due to begin next june. >>> contra costa police officer was taken to the hospital after an attack. it happened at the college
here is a picture of president barack obama answering questions on twitter about the fiscal cliff. he is promoting a reference to the estimated tax increase and middle income families would see if rates are not extended, the latest would extend tax cuts for everyone including americans and who the president wants to exclude. the white house says the proposal is too short on specifics. >> we can't guess what they are, they need to tell us and they look forward to the time when they are...
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Nov 30, 2012
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the former speaker of the house calling the fiscal cliff a fantasy that will appear out of nowhere just like the land of oozdid. speaker gingrich is here to tell us about his message for the gop. but first rush limbaugh has a message for democrats. >> you want to go after rich people? go after yourselves, democrats. start with your own perks. show us you've got some skin in the game instead of blaming everybody else. >> no substantive progress has been made in the talks between the white house and the house the last two weeks. >> we're not going to kick the can down the road. this is no time for delay. >> how gutless is it to blame the taxpayers? >> compromise is necessary in the democrats process, but if we come together we will meet this challenge, and make this session of the congress not a lame duck congress, but a blind duck congress. >> listen, this is not a game. jobs are on the line. the american economy is on the line. >> we've got to reduce our long-term deficit. that's also important to long-term economic growth. and we have said we need to do that in a balanced way. >> how g
the former speaker of the house calling the fiscal cliff a fantasy that will appear out of nowhere just like the land of oozdid. speaker gingrich is here to tell us about his message for the gop. but first rush limbaugh has a message for democrats. >> you want to go after rich people? go after yourselves, democrats. start with your own perks. show us you've got some skin in the game instead of blaming everybody else. >> no substantive progress has been made in the talks between the...
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. >> with 28 days left to come to a deal on the nation's fiscal cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2% wealthiest americans. the math simply does not add up. >> ifill: the white house proposes raising $1.6 trillion in taxes over ten years, imposing higher rates on those making more than $250,000 a year. in a letter sent to the white house today, speaker of the house john boehner rejected the president's approach, writing that republicans cannot in good conscience agree to this approach which is neither balanced nor realistic. his counter-offer, save $2.2 trillion by among other things raising $800 billion in new revenues. the plan would also raise the future eligibility age for medicare and alter medicaid to save another $600 billion. the republican plan would not increase tax rates for the wealthy. the president is campaign
. >> with 28 days left to come to a deal on the nation's fiscal cliff, the white house is holding firm on its proposal to raise taxes on the wealthy. spokesman jay carney. >> the obstacle remains at this point the refusal to acknowledge by republican leaders that there is no deal that achieves the kind of balance that is necessary without raising rates on the top 2% wealthiest americans. the math simply does not add up. >> ifill: the white house proposes raising $1.6 trillion...
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Nov 29, 2012
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so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings. important, nonetheless, because these are face-to-face meetings with principle players, timothy guide next the treasury secretary, tapped by the president to be the point person to spearhead the negotiations with congress over these fiscal cliff negotiations. we had had a brief shot of him arriving this morning as he was coming into the capitol. he's being joined by rob neighbors, the white house liaison to congress. he's a man that has long standing relationships with folks on capitol hill. series of meetings, all individual meetings, senator reid, told by my colleagu
so that will put him front and center in the fiscal cliff debate. also earns him a meeting today with the current treasury secretary, tim geithner. cnn's kate ballolduan on capito hill, day 33, eek, 33 days, tim geithner kicking into this process. we would assume possibly pushing into high gear or more of a photo op or a little bit of both? >> reporter: it remains to be seen. i hate having to say that for our viewers, but we're waiting to hear exactly what comes out of these meetings....
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will the white house let our economy go over the fiscal cliff if a deal on higher tax rates for the wealthy is not reached? we're checking it out. back in a moment. [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. >>> welcome back. this very public negotiation on the fiscal cliff still does not seem to be closing in on a deal. the white house out in campaign style events regularly, making multiple media appearances, kle including timothy geithner right here in 25 minutes. >> but would things be done faster if it was done privately? in his latest column, jeff goldfor a compares u.s. budget talks to merger proxy battles. jeff joins us to explain about that. plus, we have bob from
will the white house let our economy go over the fiscal cliff if a deal on higher tax rates for the wealthy is not reached? we're checking it out. back in a moment. [ male announcer ] research suggests cell health plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it's easy to follow the progress you're making toward all your financial goals. a...
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. >>> and yahoo ceo marissa mayer is meeting with president obama to discuss the fiscal cliff. we just got a picture from the white house. you can see mayer just barely there on the right-hand side -- on the left-hand side of the picture, bottom left-hand corner. she joined more than a dozen other business leaders at the white house today. mayer is also making headlines for her speech to an invite only crowd in palo alto last night. she said she juggles her priorities listing god, family and yahoo. adding, quote, the baby's been way easier than everyone made it out to be. so those have been the two really terrific surprises. the kid has been easier, and the job has been fun. >>> for the second straight day, heroic actions saved lives from a burning vehicle. the good samaritan in this case jesus hernandez saw an rv on fire in east san jose. it happened this morning, and he heard screams for help from that rv. he grabbed a garden hose and was able to open the door and help two women out of the rv. when firefighters showed up, they pulled out a 4 week old pit bullpuppy from the fi
. >>> and yahoo ceo marissa mayer is meeting with president obama to discuss the fiscal cliff. we just got a picture from the white house. you can see mayer just barely there on the right-hand side -- on the left-hand side of the picture, bottom left-hand corner. she joined more than a dozen other business leaders at the white house today. mayer is also making headlines for her speech to an invite only crowd in palo alto last night. she said she juggles her priorities listing god,...
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Nov 30, 2012
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the pace of fiscal cliff negotiations. the index shrugged it off, ending higher by four tenths of a percent. volume was 677 million shares on the big board; under 1.8 billion moved on the nasdaq. all ten of the major stock sectors rose. the telecommunications sector had the strongest gain, up nine tenths of a percent. the health care, materials and utilities sectors were each higher by six tenths of a percent. health insurance giant united healthcare led its sector and the dow industrial stock average. trading volume almost doubled with the stock up 3%. on monday, the company's profit prediction for next year was less than anticipated. but with today's rally, shares have recovered from that sell- off and then some. retail continues to be in focus. the calendar month may not be over, but for several stores, the sales month for november is in the books. 17 chains reported sales at stores open for at least year. overall, sales were up 1.6%, according to thomson-reuters. that's only half the growth expected. the impact of hurr
the pace of fiscal cliff negotiations. the index shrugged it off, ending higher by four tenths of a percent. volume was 677 million shares on the big board; under 1.8 billion moved on the nasdaq. all ten of the major stock sectors rose. the telecommunications sector had the strongest gain, up nine tenths of a percent. the health care, materials and utilities sectors were each higher by six tenths of a percent. health insurance giant united healthcare led its sector and the dow industrial stock...
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Dec 3, 2012
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improvements should we go over the fiscal cliff. >>> speaking of housing, would you buy a mortgage from walmart? or how about a mortgage from an onlime payment providing like paypal? results after new survey, what does it mean for banks and consumers in the next half-hour. >>> a deal may be in the works involving two of the best known airlines. delta is in talks to buy 49% of virgin atlantic from it current shareholder which is singapore airlines. cnbc's phil lebeau is back with us from chicago again. phil, what's in it for delta? is it root structure? >> it is the root structure and gates at heathrow. singapore airlines wants to sell its stake in virgin atlantic. it has struggled for some time. they own 49% of virgin aen lick. the possible price here -- this is just an estimate at this point according to industry sources -- $1.1 billion to $1.3 billion. who owns the other 51%? we all know who it is. richard branson. for a couple of years now he has been weighing the future of virgin atlantic. this is an airline that despite all the publicity, it has struggled to really make a huge dent
improvements should we go over the fiscal cliff. >>> speaking of housing, would you buy a mortgage from walmart? or how about a mortgage from an onlime payment providing like paypal? results after new survey, what does it mean for banks and consumers in the next half-hour. >>> a deal may be in the works involving two of the best known airlines. delta is in talks to buy 49% of virgin atlantic from it current shareholder which is singapore airlines. cnbc's phil lebeau is back...
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Nov 29, 2012
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fiscal cliff. they complain that the white house has not provided them on how the president will curb medicaid and medicare. if the president has been consistent and that he does not want the tax to go for people who are under too much as $50. he is adamant that any new tax revenue must come from--he once rates lowered and was is that and find a middle ground. >> in bay area a news they have released the names of two girls were shot and killed over the weekend in oakland. a 16 year-old girl and a another 15 year-old were found shot to death about 6:00 in the morning in east oakland. they have been hit by multiple gunshot loans. if they stated that they do not have a modem and they do not know why these girls were on the street along. no arrests have been made. >> oakland police are asking for your help. there is a 16 year-old girl walked away from a group home on coolidge ave. if the staff followed her but then they lost sight of her. she is considered at risk because even though she is set at 16 y
fiscal cliff. they complain that the white house has not provided them on how the president will curb medicaid and medicare. if the president has been consistent and that he does not want the tax to go for people who are under too much as $50. he is adamant that any new tax revenue must come from--he once rates lowered and was is that and find a middle ground. >> in bay area a news they have released the names of two girls were shot and killed over the weekend in oakland. a 16 year-old...
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Dec 6, 2012
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. >>> there's been a lot of tough talk from the white house today about the fiscal cliff. treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your businesses, and it is not a game that i will play. >> in spite of the rhetoric, president obama and house speaker john boehner did speak by phone today for the first time in days. neither side is revealing what they discussed. >>> on wall street, stocks ended mixed with a fiscal cliff. the dow industrials gained 82 points amid optimism about a deal in washington perhaps in the next week. the tech heavy nasdaq fell 22 led lower by apple. its shares were 6% lower. apple's largest loss in a year. apple shares lost $37 to close at 538 and change. still apple stock is up more than $100 since the start of the year
. >>> there's been a lot of tough talk from the white house today about the fiscal cliff. treasury secretary, tim geithner said the administration is quote, absolutely ready to let the economy go over that cliff, rather than drop the higher tax rates for top earners. president obama also told a group of ceos, he won't republicans inject the threat of a government default into the current negotiations. >> that is a bad strategy for america. it is a bad strategy for your...
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>> well, what's best for america is for us to get our fiscal house in order. >> the fiscal cliff and fiscal abyss, we've got to get through the cliff to settle the abyss. >> but the key issue is you must send the message to those that are going to create the wealth in the future and that's businessmen and women, that there's stability and predictability on all of these issues, on taxes, on the regulatory policy and they don't see that. i mean, there are -- i think approaching $2 trillion sitting on the sidelines. >> right. >> that is not going to be invested in this country because there is no predictability. there is no stability. they are scared to death about what washington's going to do next. and the reason texas is as stable, the reason people are moving to texas in record numbers, is because we have created that stability. >> but you won your election running on the idea that you were going to treat government differently. president obama claims that he won his election because he came up with this idea of saying that they were going to raise tax rates on the wealthiest 2% and
>> well, what's best for america is for us to get our fiscal house in order. >> the fiscal cliff and fiscal abyss, we've got to get through the cliff to settle the abyss. >> but the key issue is you must send the message to those that are going to create the wealth in the future and that's businessmen and women, that there's stability and predictability on all of these issues, on taxes, on the regulatory policy and they don't see that. i mean, there are -- i think approaching...
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cliff negotiations, deficit reduction. not hearing specifically about mortgage interest deduction but hearing about closing the loopholes. republicans say this is what's on the table from the white house. raising marginal tax rates on the very rich. extending both the social security payroll tax break and unemployment benefits for next year. the government wants to -- the white house wants to defer the sequester for a year and then launch this new multi-year stimulus package that would be at least $50 billion last year, infrastructure spending. also get this, a permanent increase in the debt limit, and they would take the debt ceiling approval away from congress. robert reich, do you have any problems with all of these things? >> well, most of them are steps in the right direction. i think that actually taking the debt ceiling approval away from congress sounds radical but it really isn't. that's a technicality. you don't want the debt ceiling ever to be negated. you are don't want congress to ever say no because that's th
cliff negotiations, deficit reduction. not hearing specifically about mortgage interest deduction but hearing about closing the loopholes. republicans say this is what's on the table from the white house. raising marginal tax rates on the very rich. extending both the social security payroll tax break and unemployment benefits for next year. the government wants to -- the white house wants to defer the sequester for a year and then launch this new multi-year stimulus package that would be at...
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the latest white proposal on avoiding the fiscal cliff to house speaker john republicans laughed. >> there is a stalemate, let us not kid ourselves. >> perhaps it is a figure of speech but the country cannot afford a stalemate. >>catherine: house speaker john boehner boosting revenue by 1.6 trillion over the next decade would be a 'crippling >> stalemate...let's face it.." "...hope that's a figure of >> speech...shouldn't be talking about a stalemate." >> the key sticking point....taxes. democrats want to extend bush-era tax cuts for the middle class...while allowing rates to jump republicans don't want a tax rate increase on anyone. period. the white house is hoping that the fact the president is taking his case to the congress to act. of course the realand with 32 days before tax hikes and spending cuts kick in....there are few signs of progress. congress seems to love a deadline. but while it might come at the 11th hour -- most insiders seem to believe that there 'will' eventually be an agreement to avoid that cliff.. >> let us take a look at traffic on the south bay bridge toll p
the latest white proposal on avoiding the fiscal cliff to house speaker john republicans laughed. >> there is a stalemate, let us not kid ourselves. >> perhaps it is a figure of speech but the country cannot afford a stalemate. >>catherine: house speaker john boehner boosting revenue by 1.6 trillion over the next decade would be a 'crippling >> stalemate...let's face it.." "...hope that's a figure of >> speech...shouldn't be talking about a...
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we will know if the white house has really won the social media fiscal cliff battle if we see a newborn named my2k. the first baby named hashtag made her bay back to you. it's taken over the world and politics. >> if i could add to one point that howard make i think it's right to say the impact is through journalist. you make these twitter campaigns in order to influence the cable tv coverage. >> it's an echo chamber. >> i believe that twitter is so influential. coming up, fox news pulls the plug on tom ricks. he doesn't think much of msnbc either. a look at the war of words in just a moment. [ male announcer ] a european-inspired suspension, but it's not from germany. ♪ a powerful, fuel-efficient engine, but it's not from japan. ♪ it's a car like no other... from a place like nother. introducing the all-w 2013hevrolet malibu, our greatest malibu ever. ♪ i have a cold... i took dayquil, but i still have a runny nose. [ male announcer ] truth is, dayquil doesn't work on runny noses. what? [ male announcer ] it doesn't have an antihistamine. really? [ male announcer ] really. alka-s
we will know if the white house has really won the social media fiscal cliff battle if we see a newborn named my2k. the first baby named hashtag made her bay back to you. it's taken over the world and politics. >> if i could add to one point that howard make i think it's right to say the impact is through journalist. you make these twitter campaigns in order to influence the cable tv coverage. >> it's an echo chamber. >> i believe that twitter is so influential. coming up, fox...
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it's fool toish think thish to drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromised on both sides. >> that's right. the marker they threw down, kevin, is it the white house says actual tax rates, the top tax rate, 35%, has to go up for the rich. and that limiting deductions won't be enough to get a deal. now you wrote in the atlantic this week that despite that there is a way around this for republicans who don't want to incur the wrath of norquist or as mark suggests, voters. how? >> right. so grover norquist pledge is actually incredibly misunderstood. it's based on what washington budgeting organizations call the current law baseline. what that means is that what scheduled to go into effect already is baked into the cake. and because the bush tax cuts are expiring provisions that were voted for ten years ago, it doesn't really cou
it's fool toish think thish to drove us off the fiscal cliff. we're in the political dance now. we've seen this time and time again. there is still three weeks for a deal to be cut. the problem is that the white house threw down a heavy marker yesterday. we'll have to see if they're willing to compromise. it's got to be compromised on both sides. >> that's right. the marker they threw down, kevin, is it the white house says actual tax rates, the top tax rate, 35%, has to go up for the...
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the gop snubs the white house's opening offer in fiscal cliff talks. >>> upgraded palestine celebrates a new status despite stiff american opposition. >>> rich and now famous. we know the identity of one of those lucky power ball jackpot winners. >> that's good news. >> can't wait to meet that person. >> good morning. welcome to "early start." i'm christine romans. it's friday. >> happy friday. john berman is hosting "starting point" at 7:00. the middle east is getting ugly. insult and finger pointing in the fiscal cliff debate. tax rates spike and spending slashed. congress is breaking for the holidays in two weeks. it could send the economy spinning in directions. $1.6 trillion in tax hikes. he will travel to pennsylvania to sell it to you. republicans aren't buying it. listen to house speaker, john boehner. >> despite the claims the president supports a balanced approach, the democrats have yet to get serious about real spending cuts. >> democrats are firing right back at boehner. harry reid getting a little personal. >> i don't understand his brain, so you should ask him. okay? >>
the gop snubs the white house's opening offer in fiscal cliff talks. >>> upgraded palestine celebrates a new status despite stiff american opposition. >>> rich and now famous. we know the identity of one of those lucky power ball jackpot winners. >> that's good news. >> can't wait to meet that person. >> good morning. welcome to "early start." i'm christine romans. it's friday. >> happy friday. john berman is hosting "starting point"...
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. >>> breaking news, we'll find out this hour what the white house put on to avoid the fiscal cliff and the gop's reaction. plus, the u.s. votes no. the legal ramifications for israel are not insignificant. and month ago, doctors say a woman died after they refused to perform an abortion. let's go "outfront." >>> good evening. i'm erin burnett. details just coming in. jessica yellin, our chief white house correspondent has them. what have you learned about what geithner listed out what the numbers and put on the table? >> he put out a number of $1.6 trillion in new taxes. that was, according to republican officials, a surprise. they expected a much smaller number and that has republicans crying foul. additional spending on medicare to pay doctors, protecting middle income americans from a tax hike. $50 billion in stimulus. and in return $400 billion in medicare and other savings next year and an agreed mechanism for allowing a vote on a debt ceiling increase republicans are not at all pleased with this, publicly crying foul. the white house has said that they have signed into law $1 tri
. >>> breaking news, we'll find out this hour what the white house put on to avoid the fiscal cliff and the gop's reaction. plus, the u.s. votes no. the legal ramifications for israel are not insignificant. and month ago, doctors say a woman died after they refused to perform an abortion. let's go "outfront." >>> good evening. i'm erin burnett. details just coming in. jessica yellin, our chief white house correspondent has them. what have you learned about what...
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for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless, unless the white house and republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt. jessica yellin is over at the white house for us tonight with new developments. jessica, what are the specifics of this offer tonight? >> reporter: hi, wolf. according to senior officials on both sides of the aisle, the president is asking for $1.6 trillion in new taxes. that includes raising taxes for families who make $250,000 or more. you'll recognize that as a pledge from his campaign. and it also includes limiting deductions and loopholes as well as other changes to capital gains and dividends taxes. well, that is the headline for republicans, wolf, who say it is far more money in tax rates than
for the first time, we're getting a look at what the white house is offering to stop the fiscal cliff stalemate. drastic mandatory tax hikes and spending cuts will kick in with the new year unless, unless the white house and republicans can reach a deal. for weeks, gop lawmakers have said we're just waiting for the white house to give details, specifics, some numbers. well, tonight that's happened. the white house is calling their bluff and they've laid out how they want to cut the debt....
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speaker of the house john boehner said he was flabbergasted by the white house fiscal cliff proposal. it's now up to republicans to make the next move. tomorrow, colorado, texas and tennessee will add 300 hours of learning time in some schools starting in 2013 eitherer by longer days or longer school years. now back to "maximum drama." >>> you can find more about every documentary we run by going online to docs.msnbc.com. you'll see web extras and you can click on schedules for complete listings and descriptions for complete information on our lineup. you can check out any title that catches your eye. now back to our story. >> every day in america tens of thousands of people go online looking to buy and sell sex. >> yes. are you calling for a date? >> but sometimes the voice on the other end of the line is an undercover cop. >> it's river and lawrence. >> investigators for the cook county human trafficking task force are in route to a location where an undercover officer has arranged a date for sex with a woman doing calls from her motel room. >> once the officer is inside the room wi
speaker of the house john boehner said he was flabbergasted by the white house fiscal cliff proposal. it's now up to republicans to make the next move. tomorrow, colorado, texas and tennessee will add 300 hours of learning time in some schools starting in 2013 eitherer by longer days or longer school years. now back to "maximum drama." >>> you can find more about every documentary we run by going online to docs.msnbc.com. you'll see web extras and you can click on schedules...
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president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on capitol hill today, president obama headed to northern virginia. he sat down with tiffany santana and her family to put a face on the fiscal cliff. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: tef any had used twitter to tell the president her family can't afford a tax increase. and the white house released this video. >> $2,000 for me would be paying a month's rent. >> reporter: back in washington, more gridlock. >> it's up to the republicans to decide ho
president obama said the approaching fiscal cliff will add to the holiday stress for american families. the president did not meet with congressional leaders on the fiscal cliff, instead, he met with a local middle class family. danielle lee joins us from capitol hill. danielle? >> reporter: doreen, president obama said he's highlighting the impact of tax heights on the middle class. there's growing pressure to stop the campaigning and sit down face to face. avoiding the bickering on...
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however we have 29 days to the fiscal cliff. they go on vacation, break for the holidays on the 15th. so technically we have 12 days to reach a deal. is that enough time? >> you know, there is still time. i think that's the important thing to know. it seems like one of the drops, first off, congressdoesn't like to hang around for christmas. we've learned that from past years. the payroll 2 cut last year out of here before christmas. they don't really like to do that. so i think really it seems the drop is the end of the year. but december 17th, the week before christmas is really seen as a very important week. there's still time to figure this out. anyone on both sides of this equation will tell you they know what the math is, zoraida. even if it's tough for us to understand, they understand what's at stake here. they understand how you have to move around some of these numbers. the question really is, this negative tone that we're hearing, much more negative than a couple weeks ago, how much of it is posturing, and how much of
however we have 29 days to the fiscal cliff. they go on vacation, break for the holidays on the 15th. so technically we have 12 days to reach a deal. is that enough time? >> you know, there is still time. i think that's the important thing to know. it seems like one of the drops, first off, congressdoesn't like to hang around for christmas. we've learned that from past years. the payroll 2 cut last year out of here before christmas. they don't really like to do that. so i think really it...
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. >> 26 days until we reached the fiscal cliff. there's hope that the bacon soon return to the negotiating table. president obama called the house speaker to discuss ways to prevent huge tax increases and spending cuts in january. congress' joint economic committee will hold talks today. >> propofol hockey is returning to the verizon center for one night. tonight the admirals' of norfolk will play. -- professional hockey is returning. there are signs the ice could be thawing between players and owners. both sides sound optimistic the season can be salvaged. talks will continue today. the work stoppage has wiped out all games through december 14 as well as the new year's day winter classic and the all-star game. >> same-sex marriage licenses will be issued starting today and several maryland counties. couple will be able to get married starting on january 1. some counties that have confirmed they will begin issuing licenses today include anne arundel frederick, and montgomery. maryland maine, and washington became the first states t
. >> 26 days until we reached the fiscal cliff. there's hope that the bacon soon return to the negotiating table. president obama called the house speaker to discuss ways to prevent huge tax increases and spending cuts in january. congress' joint economic committee will hold talks today. >> propofol hockey is returning to the verizon center for one night. tonight the admirals' of norfolk will play. -- professional hockey is returning. there are signs the ice could be thawing between...
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some very insightful reporting. >>> 31 days out to the fiscal cliff. we will go live to see what the president is saying to house leaders and whether that will keep us any further away from the edge. >>> also, how did the president capture the latino vote? was it as simple as embracing immigration reform or was it something else? we'll talk about that, as well. you're watching msnbc, the place for politics. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills.
some very insightful reporting. >>> 31 days out to the fiscal cliff. we will go live to see what the president is saying to house leaders and whether that will keep us any further away from the edge. >>> also, how did the president capture the latino vote? was it as simple as embracing immigration reform or was it something else? we'll talk about that, as well. you're watching msnbc, the place for politics. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain...
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top republican literally chuckles at the white house offer on the fiscal cliff. where do we go from here? >>> the man in the middle, ambassador jon huntsman, what he has to say about his party post election and why he's defending susan rice on benghazi when so many other republicans are piling it on. >>> god deed gone viral, hero cop who bought boots for a homeless man on a cold new york city night. >> it is friday, november 30th. "starting point" begins right now. >>> our "starting point this morning, no tangible progress here in the fiscal cliff talks. the tone is turning nasty now. 32 days until the tax rates soar, spending gets slashed and congress, guess what, they break for the holidays in two weeks. >> this is where things stand right now. the president unveiling a plan that calls for $1.6 trillion in tax hikes, hikes, and $50 billion in new -- that's right, new infrastructure spending. he will use the manufacturing plant in pennsylvania as a backdrop today to try to sell this plan. republicans sure aren't buying it yet. they want to hear about spending cu
top republican literally chuckles at the white house offer on the fiscal cliff. where do we go from here? >>> the man in the middle, ambassador jon huntsman, what he has to say about his party post election and why he's defending susan rice on benghazi when so many other republicans are piling it on. >>> god deed gone viral, hero cop who bought boots for a homeless man on a cold new york city night. >> it is friday, november 30th. "starting point" begins right...
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big news, the white house putting an offer out there on the table, a plan to avoid the fiscal cliff and break the stalemate. the treasury secretary tim geithner himself making the rounds on capitol hill, presenting the details. last night, in fact, even. in the suvs returning to the white house after his meetings with congressional leaders, the press is there. that's an important meeting, folks, the democrats are emphasizing. this, however, is only a first offer. >>> so, with that how was it received? it was received with a cacophony of laughter, essentially. the republicans hated it. there's really no other way to say it. they stopped at the request for $1.6 trillion in new tax revenue, which probably gives us a bit more context to house speaker john boehner's response to all of this yesterday. >> no substantive progress has been made in the talks between the white house and the house over the last two weeks. >> so, let's not forget here just how close we are to this cliff. cliff day is 32 days away. you might say we're kind of teetering, regardless of what the republicans think, regar
big news, the white house putting an offer out there on the table, a plan to avoid the fiscal cliff and break the stalemate. the treasury secretary tim geithner himself making the rounds on capitol hill, presenting the details. last night, in fact, even. in the suvs returning to the white house after his meetings with congressional leaders, the press is there. that's an important meeting, folks, the democrats are emphasizing. this, however, is only a first offer. >>> so, with that how...
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we are finding out what the white house put on the table to avoid the fiscal cliff and the gop's reaction. plus, the u.s. votes no, but palestine gains size in the u.n. a country. the legal ramifications for israel are not significant. and a month ago, a woman dies after doctors refused to perform her abortion. the woman's husband makes a major announcement today. let's go "outfront." we have breaking news. new details on the fiscal cliff deal that timothy geithner put on the table today during his meeting with congressional leaders on the hill. these details just coming in. jessica yellin has that and what have you learned about what geithner took you know, listed out with the numbers and put on the table? >> hey, erin, here are some of the details i'm getting from senior officials on both sides. the headline is that he put out a number of $1.6 trillion in new taxes. that was at according to republican officials, a surprise. they expected a much smaller number and that has some republicans crying foul. he proposes extending unemployment insurance. continuing the dock fix. that's approvin
we are finding out what the white house put on the table to avoid the fiscal cliff and the gop's reaction. plus, the u.s. votes no, but palestine gains size in the u.n. a country. the legal ramifications for israel are not significant. and a month ago, a woman dies after doctors refused to perform her abortion. the woman's husband makes a major announcement today. let's go "outfront." we have breaking news. new details on the fiscal cliff deal that timothy geithner put on the table...
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. >>> we are now hearing there may be only two people at the fiscal cliff negotiating table. according to the new york times house speaker john boehner says he wants to negotiate directly with president obama. he has asked that senate leaders and house minority leader nancy pelosi be excluded from future talks. and clearing a negotiating room improves the chances for success. just 25 minutes from now the closely watched monthly unemployment report will be released for november. coming up at 5:15 what economists say the numbers released this morning don't accurately reflect the current jobs market. >>> time now 5:05. reports an oakland church youth group visiting florida today is out of money and their belongings because thieves broke into their van. a group of 24 teenagers and young adults were eating at a restaurant yesterday. about an hour after arriving for a weekend youth conference. they are saying thieves broke into their van, stole $12,000 cash. one member of the group was able to have money wired to them so they at least spent last night in a hotel. there is no word y
. >>> we are now hearing there may be only two people at the fiscal cliff negotiating table. according to the new york times house speaker john boehner says he wants to negotiate directly with president obama. he has asked that senate leaders and house minority leader nancy pelosi be excluded from future talks. and clearing a negotiating room improves the chances for success. just 25 minutes from now the closely watched monthly unemployment report will be released for november. coming...
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because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they say the mast won't work. >>> it is still out of balance. it is 800 million worth of revenues. he said he is going to do that by lowering rates. when you look at the map it doesn't work. >> the house majority with kevin mccarthy said yesterday the speaker moved to the middle by putting revenue on the table. jay carney also said the boehner plan is quote pagic beans and fair redust. >>> peter doocy, live in washington. thank you. >>> chaos in cairo. egyptian president mohammed morsi returning to the presidential palace overnight. he left amid clashes between police and 100,000 protestors. look at that. they ar
because of that gop lawmakers are saying that means the white house wants to go over the fiscal cliff to make it a point. >> howard dean said it patti murray who ran the senator ideal committee. i think the presidency is a political victory for his party as they go over the cliff. i know republicans are concerned there is going to be a secondary session. >> the white house proposal raises taxes 1.6 trillion over a decade. republicans close loopholes and get rid of deductions. they...
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to avoid the fiscal cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions tonight. let's go "out front." >>> good evening, everyone. i'm erin burnett, outfront tonight, an early christmas miracle. or at least the glimmer of one today. barack obama bringing glad tidings of great joy to avoid the fiscal cliff. >> i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver those presents. no smile from either one of them. but investors didn't care, th
to avoid the fiscal cliff is on the way. possibly in time for santa. i asked republican john cornyn whether he thinks that is a reality. >>> and governor romney sits down with the president since the election, actually since the debates. does this do either of them any good? rick santorum is out front. and julian assange is out front to answer critics and our questions tonight. let's go "out front." >>> good evening, everyone. i'm erin burnett, outfront tonight, an...